Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Trilogy-AI
on 23/03/2018, 21:21:48 UTC
It’s definitely not over but the bounce off $8200 was unexpectedly strong.  I think that may have rocked some bears.

The optimism chart says we will break the downtrend in April.  
And the financial downturn during the past two days will not affect this run up?

The correlation between financial markets and bitcoin has grown somewhat but it is still very weak.  Badger for the most part does its own thing.  

https://cointelegraph.com/news/so-is-there-a-correlation-between-bitcoin-and-stock-market-yes-but-no

Doesn't look that way.  The SP500 is down 100 points in the last two days.  (That's massive, roughly equivalent to 1000 points on the Dow.)  BTC prices?  Almost no change, either up or down.